Countries across the world have introduced dramatic legislative changes to hasten decarbonization in response to the urgent need to cut our planet's CO2 emissions. According to estimates, the transport sector accounts for 37% of all CO2 emissions from end use in 2021, making it the sector with the biggest global dependency on fossil fuels. Ambitious goals have been established to minimize reliance on fossil fuel-powered mobility and migrate to electric transport to address the considerable emissions created by the sector. EV adoption is still hampered by problems with the charging infrastructure, car range, availability, and pricing.
The production of the enormous number of EVs needed to replace conventional automobiles may not be viable in the limited time we have to reduce global emissions, and the high cost of EVs now on the market make the shift prohibitive for many. These are two of the main obstacles to EV adoption. It would be impossible to replace every car on the road with an electric substitute and doing so would produce a lot of pollutants during mass production. To tackle this, forward-thinking businesses are developing technology that makes it possible to convert conventional vehicles—from big SUVs to vintage cars—into EVs for a mere fraction of the cost, thus lowering the barrier to electrified mobility.
Global vehicle emission targets
Given the short amount of time we must reduce global emissions, it may not be feasible to produce the vast number of EVs required to replace conventional cars, and the high price of current EV models makes the switch unaffordable for many. These two issues are among the biggest barriers to EV adoption. Every vehicle currently on the road could not be replaced with an electric vehicle and doing so would result in significant pollution during mass manufacture. To combat this, forward-thinking companies are creating technology that makes it feasible to convert conventional cars into EVs for a tiny fraction of the cost, decreasing the barrier to electrified mobility. These cars can range from large SUVs to classic cars.
Globally, nations have made intricate plans to cut back on emissions in the transportation industry. Aiming to reduce CO2 emissions for new vehicles and vans by 55% and 50%, respectively. This is part of the EU's Fit for 55 legislation initiatives that look to reshape the transportation paradigm. The package's main goal is to make it possible for the EU to cut its net glasshouse gas emissions by at least 55% from 1990 levels, enabling the achievement of carbon neutrality by 2050.
Large EV goals are also being established in the US. To reduce the nation's reliance on fossil fuels, the US government has set a target of 50% penetration of plug-in EVs by 2030. A formal US contribution under the 2015 Paris Accords of the United Nations Framework Convention on Climate Change, President Joe Biden additionally promised to achieve economy-wide net zero carbon emissions by 2050. In theory these activities will support the transition to EVs, but is it actually feasible to achieve such a fundamental change in transportation?
Around 1.5 billion automobiles are in use worldwide. Asia is where the majority of the world's automobiles are found, while Europe accounts for 28% and North America for 24% of all automobiles.
Can the industry meet demand quickly with such a massive number of vehicles to replace? Nearly 1,729,000 electric car registrations were made in the EU alone in 2021, up significantly from 1,061,000 in 2020. The share of all new car registrations increased from 10.7% to 17.8% as a result. Additionally, the adoption of electric vans rose from 2.1% of all new registrations in 2020 to 3.1% in 2021. Despite the exponential growth of EV usage in recent years, there are still obstacles keeping drivers from adopting the technology.
EV conversion can drive transition
A cheaper way for drivers to transition to electric vehicles is through EV conversion, which converts their current ICE-powered cars into zero-emission automobiles. The great thing about EV conversion is that it can be done to nearly any existing car. The feeling of losing some of the most iconic cars designed throughout history is one of the EV transition's off-putting elements for many drivers. Drivers can enjoy their preferred car in an eco-friendly way thanks to EV conversion, which enables them to keep the keys to that past while driving it into the future. In addition, recycling older cars uses fewer resources than purchasing a brand-new EV.
Consumers have access to a variety of EV conversion choices, from DIY kits to professional EV conversion firms that can expertly modify your vehicle. However, having specialized mechanical and high-voltage electrical skills is required. EVs that have already been converted are also available for purchase, albeit they are typically more expensive. EV conversion offers a more affordable path to electrification in addition to preserving automotive history and having a wide range of options.